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Livinhope-I have to take issue with your post.You do know the red side are Norwegian,not Scouse!
For the umpteenth time,you do realise that most of those 30m shares have already been sold for a profit.It's how placings work whether you agree with it or not.
Anyone got a crystal ball?
Bangla-Do you want the company to explain why someone's buying shares? How would the company know? Why do you or I buy them? It's because we see a decent return based on our research.Unless they exceed the 3 or 5% and have to disclose then we wont know.Even then,the only thing we will know is who it is via the TR1.Anyway,I'm sure we're on the same side and it's all good.
Bangla-It went up due to the $1bn contract signed with PowerChina plus the fact that the proposal was to be submitted by April.
KingClough-I believe they only need to report once they've finished buying and I'm sure I've read somewhere that if it's an overseas investor,the threshold for reporting is once over 5%.
Utter rubbish duster.GCM own the licence,There's no way PC would have signed a $1bn contract with them if they thought Bangla wanted them out.Jeez,there are some right conspiracy theories here.
Duster-It was 50p to £ 1 this morning.Make your mind up.
Duster-You don't need to teach me.Been around the markets for years but for you to suggest such low figures is very pessimistic imo.
Ha ha,£122m-£245m for a $100bn asset.Keep pushing that agenda duster.This was over a £400m m/c when it was thought the GL was coming all those years ago.Bangla's predicament is far worse now that it was then.GCM may well give up a percentage but it wont be anywhere near what you think imo and as GCM board members have said why would they sell their asset in full before production commences.Hopefully the proposal has gone in and we sit tight and wait.
GKP peaked at £4.50
Don't agree.It's GCM/Tang that PowerChina have signed a contract with.It's GCM that's conducted all the necessary studies/owns the licence etc.There's no way that GCM have come this far only to give it away.Bangla know that if they don't develop Phulbari quickly,they are finished.Bangla may well take a slice but don't think for a second that GCM will give it away.
Lucky-There is no delay in announcing anything.As far as we are aware the proposal hasn't been submitted yet.Hopefully in the next week.
JohnHenry-Around 16m20s into presentation PG states 'we collected information we need on the depth of the formation damage.So no big deal and nothing to get in a panic about in terms of what we're trying to achieve here".The fact that they're looking to re-test with Sandjet suggests that no re-drill is required.
What happened is that the threat of de-listing has gone with the appointment of two new NED's.We've signed a $1bn contract with PowerChina that's been reported in the Bangla & Chinese press.We know a proposal is being submitted BY April.We know that this will,at last, be presented to Hasina herself.We know that Bangla is focusing on mining their own coal due to their balance of payments issues.
Isn't it funny how all these de-rampers were nowhere to be seen yesterday when we rose 25%.
Ha ha.No assets? We've got a $100bn asset and a $1bn contract signed with PC.Just need approval from Hasina.Since our last placing we've risen over 500%.Proposal to be submitted in next week or so.
GMC-We've known we need more cash for months (as per AGM comments,plenty looking to provide).I've seen that material uncertainty statement in thousands of company accounts before (a legal requirement) and as for political breakthrough,we're as close as we've ever been imo.
Something is happening though.A $1bn contract has been signed,Chinese press are reporting it,NED's have been appointed and a proposal is being submitted.Volume has increased substantially over the last couple of weeks.
I wonder if we rise by more than 50% whether the market will force GCM into saying something about the proposal.
PowerChina will.It's all in the RNS 11/3.